|  |  |  |
| --- | --- | --- |
|   | (a) | accept such event as a repudiation by Lessee and by notice to Lessee and with immediate effect cancel the leasing of the Aircraft (but without prejudice to the continuing
obligations of Lessee under the Lease), whereupon all rights of Lessee under the Lease shall cease; and/or  |

  




|  |  |  |
| --- | --- | --- |
|   | (b) | demand that Lessee pay (and Lessee shall be liable for and shall pay on demand) and/or proceed by appropriate court action or actions to enforce performance when due of the Lease
including the payment when due of all Rent and all other amounts payable to Lessor or any Indemnitee pursuant to the terms of the Lease; and/or  |

  




|  |  |  |
| --- | --- | --- |
|   | (c) | proceed by appropriate court action or actions to recover damages for the breach of the Lease which shall include:  |

  




|  |  |  |
| --- | --- | --- |
|   | (i) | all Rent and other amounts which are or become due and payable under the Lease prior to the earlier to occur of the date Lessor sells or re-leases the Aircraft or receives payment
of the amount calculated pursuant to section (ii) below;  |

  


- 53 -